IMF calls for urgent steps on Spain unemployment
Source: Fox News
Madrid :: Spain | updated 2013-06-19 03:31:57 -0700 | business-news
The International Monetary Fund says recession-wracked Spain is making progress but is urging policymakers both within the country and in Europe to take "urgent action" to slash the country's crippling 27 percent unemployment rate. An IMF report released Wednesday praised...
Currency factors weigh on retailer H&M's Q2 profit
Source: The Boston Globe
Stockholm :: Sweden | updated 2013-06-19 03:54:59 -0700 | business-news
Swedish fashion retailer Hennes & Mauritz AB on Wednesday said profits fell by 11 percent in the second quarter due to the strong Swedish krona and increased markdowns as it tried to shift its products. The company said its net...
U.S. oil boom helps thwart OPEC
Source: CNN
Riyadh :: Saudi Arabia | updated 2013-06-19 05:24:15 -0700 | business-news
Tremendous increases in energy efficiency in the United States and Europe are helping to soften the market." Though currently teetering close to the $100-a-barrel mark, oil prices have not crossed the $100 line in over a year...Clayton. "There is no...
ANALYST: The Next Leg Of Volatility Will Start In The Days Ahead
Source: BusinessInsider
Tōkyō :: Japan | updated 2013-06-19 01:31:10 -0700 | business-news
In a sense, we've seen a level of volatility and confusion that we haven't seen in awhile. This is especially apparent in any emerging markets (and of course Japan)...And the rise in US interest rates is arguably a very bullish...
Apple's iPhone Password Security Broken In 24 Seconds
Source: Forbes
New York City :: NY :: USA | updated 2013-06-19 02:55:51 -0700 | business-news
This is a bit of a faux pas for Apple s security on certain iPhone functions. It appears that they've constructed their random password generator in a non-random manner and using a terribly small database of words to non-randomly choose...
Commission backs Lloyds as first privatisation
Source: BBC
London :: United Kingdom | updated 2013-06-19 05:55:51 -0700 | business-news
If George Osborne and Treasury agree with the Banking Commission's economic analysis, there is a clear implication for the two big semi-nationalised banks. A big chunk of Lloyds will be privatised before the next election, and no privatisation of the...
Cyprus leader attacks bailout terms
Source: BBC
Nicosia :: Cyprus | updated 2013-06-19 02:18:38 -0700 | business-news
His comments came in a letter sent last week but leaked on Wednesday. Losses were imposed on big deposits in Bank of Cyprus (BoC) and Laiki Bank. BoC is now in trouble, the letter said. "I urge you to support...
HSBC Slashes Chinese Growth
Source: BusinessInsider
San Francisco :: CA :: USA | updated 2013-06-19 02:15:14 -0700 | business-news
Last night, Chinese stocks hit a new 6-month, as concerns rise about growth, debt, acute financial market stress, a property bubble, and everything else...China growth forecasts to 7.4% in '13 & '14 (from 8.2% and 8.4%) as Beijing focuses on...
Fab.com Raises $150M At $1B Valuation Led By Tencent
Source: Forbes
Las Vegas :: NV :: USA | updated 2013-06-19 01:41:10 -0700 | business-news
The valuation of the Series D financing was about $1 billion, according to a person familiar with the deal. Fab also plans to close additional financing in the round that will bring the round to a total of about $250...
Is There Life After An MBA?
Source: Forbes
Rome :: NY :: USA | updated 2013-06-19 01:41:09 -0700 | business-news
Whatever you expected when you entered the degree programme, it all looks different ten years hence...MBA graduates in the popular imagination probably look something like this: a man or woman in a custom-tailored Italian suit losing sleep on spreadsheets and...
Stocks to Watch: FedEx, Micron are Wednesday's stocks to watch
Source: MarketWatch
San Francisco :: CA :: USA | updated 2013-06-19 03:31:46 -0700 | business-news
Among the shares expected to see active trade in Wednesday's session are those of FedEx Corp., Micron Technology Inc. and Red Hat Inc...The Dow transports component is forecast to report earnings of $1.96 a share for its fiscal fourth quarter....
Dish drops bid for Sprint
Source: MarketWatch
Los Angeles :: CA :: USA | updated 2013-06-19 05:32:07 -0700 | business-news
SoftBank and gave Dish until Tuesday to present a best and final offer. Late Tuesday, Dish said it was impracticable to meet the deadline. Dish has pulled back on its bid for Sprint Nextel, but hasn't ruled out a...
Outside the Box: Is Netflix the next HBO?
Source: MarketWatch
Turbo :: Colombia | updated 2013-06-19 03:31:42 -0700 | business-news
And, thanks to the new deal announced Monday between Netflix and DreamWorks Animation Skg Inc , Shrek will be joined by many new and old animated friends from the big and small screens. That is, the agreement doesn't just cover...
Want To Gain Momentum? Follow The Path Of The Most Successful Entrepreneurs
Source: Forbes
New York City :: NY :: USA | updated 2013-06-19 02:55:52 -0700 | business-news
Follow The Path Of The Most Successful Entrepreneurs I am not sure Sisyphusian is a word, but it should be. If you remember your mythology, Sisyphus, as punishment, was made to roll a huge boulder up a steep hill. But before...
VINCENT REINHART: There's A Fundamental Flaw In The Message The Fed Is Trying To Send
Source: BusinessInsider
San Francisco :: CA :: USA | updated 2013-06-19 02:15:15 -0700 | business-news
Last week, the WSJ's ace Federal Reserve reporter Jon Hilsenrath wrote a piece on Fed strategy that got a lot of attention in markets. The gist was: Just because the Fed may signal a reduction in asset purchases doesn't mean...
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